The most liquid asset among the following is
ECONOMICS
WAEC 2023
The most liquid asset among the following is
- A. bonds
- B. cheque
- C. cash
- D. shares
Correct Answer: C. cash
Explanation
Liquidity refers to how easily an asset can be converted into cash without loss of value. Cash is the most liquid asset because it can be used to purchase goods and services immediately. Shares, bonds, and cheques are less liquid because they cannot be converted into cash as easily.
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